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Departure from developmental state

Following it landmark decision to continue its long-severed budgetary support for the Government of Ethiopia (GoE) in tune of USD 1.2 billion, the World Bank Group (WBG) is very optimistic in what it called a “structural reform process” the administration of Prime Minister Abiy Ahmed (PhD) is embarking up on to the point where it is convinced that the intentions of the GoE with regards to some of the key service sectors like telecom and logistics is to implement a concrete liberalization and opening up measures.

Agency unveils digital procurement strategy, roadmap

The Federal Public Procurement and Property Administration Agency (FPPA) along with its key partner organizations, on Thursday unveiled a five-year Electronic Procurement Strategic Document and Action Plan, which is said to implement an electronically aided procurement dubbed e-GP or [e-Government Procurement].

Wegagen profits a billion birr

Wegagen Bank has become the third private bank in the industry to gross a billion birr profit before tax following Awash and Dashen banks. Wegagen profited 1.05 billion birr before tax.

Oromia grosses 938 mln profit

Oromia International Bank SC (OIB) bagged a record high profit where its profit before tax, as of June 30, 2018 skyrocketed by 140 percent to 938 million birr.

Manufacturers lament new electric tariff as exaggerated

Following the adjustment of electricity tariffs ranging from 30 percent to 90 percent, which is expected to enter into effect in the upcoming month, industrialists across Ethiopia are criticizing the increments claiming that it is over-inflated and requested the tariff to be revised.

MetEC-made cable fails the LRT

The Addis Ababa Light Rail Transit (LRT) standard gauge network which operates on an expanse of 34 kilometers in two directions has suffered a major setback caused by inferior signaling and communication cables, apparently manufactured by the Metal Engineering Corporation (MetEC), The Reporter has learnt.